Oasis Home ends debut flat after volatile trade
The stock opened at 28.5 sen — just half a sen above its IPO price of 28 sen — before swinging between an intraday low of 25.5 sen and a high of 29 sen.
It closed at 28.5 sen, up 1.8%, with nearly 38 million shares changing hands.
Oasis Home's entry comes as investor confidence on the ACE Market remains fragile, following a string of weak debuts.
Investor interest in Oasis Home was similarly muted ahead of listing day, with public tranche applications oversubscribed by just 0.55 times.
The company markets and sells consumer lifestyle products — including kitchenware, personal care items, health supplements and small appliances — largely through live commerce sessions hosted on platforms like Facebook, TikTok and its proprietary app and website. Over 75% of its revenue is derived from these sessions.
Oasis Home also maintains a presence on e-commerce marketplaces such as Shopee, Lazada, and TikTok
Shop and complements its online strategy with physical channels including product experience centres, mobile showrooms and warehouse sales.
The IPO raised RM42 million for the company, more than half of which will be used to expand its live commerce infrastructure and build an in-house fulfilment centre.
Additional proceeds will go towards setting up a new corporate headquarters, working capital and listing expenses.
MIDF Amanah Investment Bank Bhd served as the principal adviser, sponsor, underwriter, and placement agent for the IPO. — TMR
This article first appeared in The Malaysian Reserve weekly print edition
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